Split Rock Partners
Venture capitalEden Prairie · Seed–Late Stage · 4 people tracked
Also known as Splitrock
Investment thesis
Split Rock Partners supports entrepreneurs building leading software and cloud-based services companies. The firm emphasizes relationships grounded in integrity and mutual respect, partnering with strong management teams to address the challenges of scaling. Drawing on decades of experience with emerging companies, it takes a patient, flexible approach adapted to each company's needs. Split Rock invests from early revenue generation onward and focuses on cloud services, next-generation enterprise software and infrastructure, analytics and big data, and marketing technology, supporting companies throughout their pursuit of market leadership.
Source: firm website, verified Aug 25, 2026.
Team · 4 people
from public directories
What they invest in
from 5 of 5 portfolio companiesHealthtech ×3AI & Machine Learning ×2SaaS ×2Cloud Computing ×1Consumer ×1Cybersecurity ×1Developer Tools ×1Direct to Consumer ×1
HQs:United States×4Australia×1
Investments · 5 tracked
founders shown can be your intro pathBy year:2017 · 12015 · 23 dated
EBR Systems develops the WiSE cardiac pacing system, a leadless and physiologic medical device for treating heart failure patients.
HealthtechMedical DevicesSilicon Valley, AU
Allan R. Will(Executive Officer, Director)Parker Willis(Executive Officer)Allan Will(Executive Chair)John McCutcheon(President, Chief Executive Officer)Mark Cowan(Executive Officer)Stephen O'Conner(Executive Officer)
Board seatDave Stassen· per SEC Form D · $56M raise · filed Nov 2017
Co-investorsAscension VenturesEmergent Medical Partners, LLPRunway Growth Capital
Acquia provides digital experience platform software and services built around Drupal that enables enterprises to manage content, build websites and applications, and deliver experiences across multiple channels.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareMarketing TechSaaSBoston, US
Dries Buytaert(Co-Founder, Executive Chairman)inThomas N. Erickson(Chief Executive Officer, President)Michael Cayer(General Counsel and Secretary)William Sorenson(Chief Financial Officer)
BoardRavi Viswanathan(Director)inBrian Paul(Director)in
Co-investorsVista Equity PartnersBantam GroupCenterview Capital TechnologyG20 VenturesGolub GrowthNew Enterprise Associates (NEA)+3 more
Code42 (now part of Mimecast) offers Incydr, a data loss prevention and insider risk management tool that detects and blocks data exfiltration across work channels, including uploads to unsanctioned generative AI tools.
AI & Machine LearningCybersecuritySaaSMinneapolis, US
Matthew Dornquast(Director)Mitch Coopet(Founder)inElizabeth Fortier(Executive Officer)Joseph Payne(Executive Officer, Director)Joe Paynein
BoardHarry Gruner(Director)in
Co-investorsAccelJMI EquityNew Enterprise Associates (NEA)NewView CapitalSecond Alpha Partners
Colorescience is a professional skincare brand that develops mineral-based sun protection (SPF), skincare, and color correction products, originally created for post-procedure skin and marketed for all ages and skin types.
ConsumerDirect to ConsumerHealthtechWellness & FitnessCarlsbad, US
Stephen Loomis(Executive Officer)Mary Fisher(Executive Officer, Director)Theodore Ebel(Executive Officer)Mary M. Fisher(Executive Officer, Director)Theodore O. Ebel(Executive Officer)Josie Juncal-Schwarz(Executive Officer)
Co-investors1315 CapitalAisling CapitalDomain AssociatesHealthCare Ventures, LLCLongwood FundRoundTable Healthcare Partners
HealthtechWaltham, US
Adam Gridley(Executive Officer, Director)Peter Greenleaf(Executive Officer, Director)
BoardJoshua Baltzell(Director)Kevin Rakin(Director)Garheng Kong, M.D., Ph.D.(Director)Garheng Kong, M.D., Ph.D(Director)
Co-investorsSofinnova VenturesFOUNDATION MEDICAL PARTNERS
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioEBR SystemsOTC: EBRCZ
Portfolio news
latest coverage across their companiesColorescience · latimes.com · Feb 25, 2026
Fund performance · per public LP disclosures · 2
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Split Rock Partners II, LPLPs: Minnesota State Board of Investment | 2008 | — | 5.5% | 1.37x | 1.19x |
| Split Rock Partners LPLPs: Minnesota State Board of Investment | 2005 | — | 3.2% | 1.30x | 1.23x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Split Rock Partners invest at?
- Split Rock Partners invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Split Rock Partners's typical check size?
- Split Rock Partners typically writes checks of $2M – $40M.
- What sectors does Split Rock Partners focus on?
- Split Rock Partners focuses on Biotech, Cloud Computing, Consumer, Data & Infrastructure, Enterprise Software, Healthtech, Marketing Tech, Medical Devices, SaaS.
- Where is Split Rock Partners located?
- Split Rock Partners is headquartered in Eden Prairie, US.
- Does Split Rock Partners lead rounds?
- Yes, Split Rock Partners leads investment rounds.
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